Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
South African Rand/ (FOREX:ZARZMW)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZARZMW
The long term trend has been UP since Sep 24th, 2018 at 0.82197
The intermediate term trend has been UP since Sep 18th, 2018 at 0.73086
The short term trend has been UP since Nov 14th, 2018 at 0.83028
Smart Scan Analysis for ZARZMW
Based on a pre-defined weighted trend formula for chart analysis, ZARZMW scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).